The region has enjoyed remarkable economic progress in recent years; millions have been lifted out of poverty. Viewed as a single entity, ASEAN would rank as the world’s seventh-largest economy. But much of its recent growth has been generated by an expanding labor force and the shift of workers from agriculture to manufacturing. These factors will eventually fade, so there is new urgency for confronting the region’s low levels of productivity. To sustain economic growth, many member states will need to more than double their historical rates of productivity improvement.
A new report from the McKinsey Global Institute, Southeast Asia at the crossroads: Three paths to prosperity, finds that the region can address its productivity challenges and find new catalysts for growth by pursuing the opportunities associated with three global megatrends:
麦肯锡报告:东南亚可持续经济增长三条路径(英文 180页)
Contents
In brief
Executive summary..... 1
1. Harnessing global trends for regional growth..... 15
2. Global flows: Capturing growth from trade connections..... 33
3. Urbanization: New markets and new challenges..... 73
4. Disruptive technologies: Five catalysts for economic growth and